Toto Wolff says he doesn’t plan on selling the majority of his stake in Mercedes or change his role with the team, despite offloading 15% of his holding to CrowdStrike CEO George Kurtz last week.Kurtz gained a 5% ownership share, having taken 15% of the portion that Wolff owns as...

The FIA has confirmed nine of the 10 teams were in compliance with the cost cap in 2024, with only Aston Martin cited for a procedural breach “of a very minor nature”.As reported last week, Aston Martin accepted it had failed to submit audited accounts by the 31 March deadline...

RACER understands that Aston Martin has entered into an Accepted Breach Agreement (ABA) with the FIA for a procedural breach of its 2024 submission, while teams await their final certificates.

Back in 2019, if I had told you that there wouldn’t be a Formula 1 race in China for five years, you might not have been totally surprised. F1’s always been a sport that will pick up and drop races if required based on demand and who is willing to...

This week’s announcement from the FIA regarding the 2022 financial regulations was about as far removed from the way the 2021 findings came out as you can imagine.A year ago, the topic exploded at the Singapore Grand Prix with rumors of a cost cap breach from Red Bull -- rumors...

The FIA has confirmed that all ten teams complied with the financial regulations in 2022 and have been handed their relevant certificates.In the first year of the cost cap, Red Bull and Aston Martin were penalized for breaches, with Williams also cited for the late reporting of its accounts. However,...

When dominance in Formula 1 is criticized as if it’s an exclusively modern phenomenon, the usual response is to shrug it off as having always been the way of things. It’s a valid point, one supported by the fact the drivers’ title battle has only gone down to the wire...

Haas has saved $250,000 to put towards its car development by reducing the number of people on its pit wall.On the first day of Formula 1 pre-season testing Haas used a much smaller pit wall unit than the other teams, with just three seats for team members. As Haas is...

The Formula 1 Commission has approved a number of regulatory changes including a new wet weather tire this season, the introduction of a winter shutdown and closing gaps in the rules.The teams met with Formula 1 president and CEO Stefano Domenicali and FIA head of single-seaters Nikolas Tombazis on Tuesday...

Red Bull team principal Christian Horner says the cost cap penalty his team received last year is already hurting its car development heading into 2023.The FIA handed out a $7million fine and reduced Red Bull’s wind tunnel and computational fluid dynamics (CFD) time over a period of 12 months after...